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9 Humphrey Street, New Norfolk TAS 7140

Offers Over $550,000

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$550k - $600k High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 4 Cars 835 m²

Listed: yesterday

Overview

This unique property opportunity in New Norfolk combines two adjoining dwellings on a single title, creating versatility and investment potential that appeals to a diverse range of buyers. Situated centrally, the offering includes a charming character home built circa 1900 and a neat, low-maintenance one-bedroom unit, together positioning an investor to benefit from dual rental income streams currently leased to long-term tenants.

The main residence at 9A Humphrey Street features three bedrooms and one bathroom with an open-plan layout that integrates living, dining, and kitchen areas to foster practical family living. Comfort is enhanced by both a wood heater and a heat pump, ensuring year-round climate control. The character-filled home, with its traditional appeal, holds significant rental potential and income security through established tenancy.

Complementing the main house is a thoughtfully designed one-bedroom unit at 9B Humphrey Street, which offers a purpose-built kitchenette, combined bathroom and laundry facilities, and a heat pump for consistent comfort throughout the year. Its modest footprint offers easy upkeep, making it an attractive rental or secondary residence.

Two dwellings generating a combined rental income of $640 per week, amounting to an annual return of approximately $33,280, based on full occupancy.
Positioned on an 835 square meter block, the site provides scope for future development opportunities subject to council approval, appealing to developers as well as investors.
The property's proximity to New Norfolk's shopping precinct, local services, essential amenities, and accessible public transport further augments its location convenience.

The combined offering blends the charm of a historic family home with the practicality of a modern unit, making it particularly suitable for investors who seek stable returns alongside potential for capital growth. With long-term tenants in place and development prospects, this property is a strategic investment in a well-established Tasmanian township.

Local Market Insights

In New Norfolk, Quiet Listings observed 24 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $761,250. The property type mix of listed properties is predominantly Houses at 59%, followed by land (27%), and units (12%). The most active agency for houses in the New Norfolk area is currently Petrusma Property – Sandy Bay, representing 63% of new listings. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.